/biz/ - Business & Finance

cool bought 100k at 1700 sats.

>super comfy hold with 20% staking

>>15131888

are we looking at the last 3 digits of this thread post?

>>14863227

MIND FUCKING BLOWN. its the fucking chainlink logo! WTFFF

is 10.5k link enough to make it?

>>12817259
Silver is the original shitcoin. Holding bugs from fucking 2010 here, let's get this moon mission started.

>>12737172
There's an old american proverb, anon.

"You owe the bank 100,000 dollars? The bank owns you. You owe the bank 100,000,000,000 dollars? You own the bank." On the level of the whole economy, a financial crisis is what happens in the case of the latter.

Individual responsibility is all well and good, but it has its limits both in a prescriptive sense, and in an analytical one.

>>12737191
also This. Get a comfy 3% back for dinning out, which is my biggest expense I use credit for.

>>12708937
Based taste

How many link?

If the stock market can just rally about another 1.5% I'll be throwing about 800 bucks into a 2x inverse leverage etf, probably my riskiest move to date. but there's no telling there'll be better shorting opportunities down the line.

That said, I think the downsides are rather minimal while the upside is enormous. Even if the market rallies another 10 percent a potential crash in the next year or so will greatly outweigh those losses.

>>12534615
>as am nearly 99% sure 232 was the forever bottom
lol

>>12316308
>The 10 to 13 year olds in my Minecraft server are redpilled as fuck.

>>12111349
Massive failure among small/community banks, as well as maybe one or two large ones. This will lead to massive consolidation among the banking industry barring gov intervention. The FDIC's deposit insurance fund will be blown out for the first time, causing them to go to the Treasury to maintain the govt guarantee.

Student loan bubble will pop, and since the gov owns most of this debt it will mean a sudden drop off in gov revenues when the recession begins. If republicans have the white house, this will mean little to no stimulus, plus attempts to squeeze as much out of defaulters as possible to pay for other initiatives. If there is a muted gov stimulus response, which is quite plausible given the lack of traditional monetary and fiscal policy tools to currently do this, we can expect this recession to be quite a bit longer and more severe. The "libertarian apocalypse" is most likely to be Trump trying to print money or renegotiate US debt since he's too pussy to raise taxes to pay for shit.

Auto industry and several FAANGs (Facebook, Apple and Amazon) will be hit especially hard and many large companies will fail.

In terms of other metrics it will likely be quite similar to 2008 in terms of unemployment, maybe more muted officially as people start doing shit like uber once they loose their job.

It'll most likely be sometime in 2019, my money's on some time in the middle of the year, fall at the latest.

Crypto probably won't do well considering it's volatility makes it a risky asset class, and most money will be trying to get into safer shit.

There is no such thing as ethical consumption under capitalism.

absolutelybunkers1234@gmail.com

>>981286
Thanks for the advice

Some colleagues and I were talking last night over some wine and discussed our majors and future plans. They're business majors(Accounting, Management, Entrepreneurship, IS/IT, etc) and I'm a CS major with a love for botany/gardening.

Anyway. We discussed an idea we all apparently had and that was to create POS systems, growing/monitoring(*ponics) hardware and essentially grow crops, but the main one suggested was medical cannabis. I don't go anywhere near the stuff but I'm aware on how you grow it.

The idea is that if one can manage to deal with all the regulations, standards, Insurance, disclosure agreements, tracking, sales systems, feds, etc. One could license this system, as well as actually use it for their own operations.

I wasn't too keen on the idea of growing cannabis, but how viable does that sound?

Most of my partners have experience(managers, CPA, etc) so we aren't just *idea people*

We also all come from well off families who own businesses and empty land/warehouses who would gladly support a serious venture with a proper business plan drawn up.

What do you guys think? Pipedream or no?